Bengal Energy (TSE:BNG) Shares Up 25% – What’s Next?

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s share price traded up 25% during mid-day trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 313,000 shares were traded during mid-day trading, an increase of 177% from the average session volume of 113,140 shares. The stock had previously closed at C$0.02.

Bengal Energy Price Performance

The firm has a market cap of C$13.22 million, a price-to-earnings ratio of -2.50 and a beta of -2.31. The stock’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.03. The company has a quick ratio of 1.76, a current ratio of 1.14 and a debt-to-equity ratio of 0.03.

About Bengal Energy

(Get Free Report)

Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company is committed to growing shareholder value through international exploration, production, and acquisitions. Bengal’s common shares trade on the TSX under the symbol ‘BNG’. Additional information is available at www.bengalenergy.

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